During the time of "economic downturn", many of us may not have jobs tomorrow and many of us don't have jobs anymore. An e-fund is all that is between us and them. It's all that will keep us going.

Those of us that have been agressively slaying the monster may have available credit to utilize during a downturn, but what a backslide! If the money is in an e-fund, you only owe yourself. If it's "available credit", it's not really your money, it's someone elses to lend you ... on their terms!

I'm hoping to do something like this. I've been setting aside $30/payday for "irregular" expenses, but I have no true efund. Right now (because of the roomie move-out last month) I'm only paying mins on my debt. But, in August, I'll have the new teen-age roomie (date is set; she's ready!) Originally I was going to put everything she paid toward rent directly toward debt, now I'm looking at splitting it in half, with half going to an efund. This is assuming I still have a job by August!!

When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.

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